Crypto Casinos – A Complete Guide

Казино с Криптовалютой

Fees

0%

Deposit Time

Instant

Withdraw time

Instant

It’s estimated that the value of the global online gambling market will exceed €75 billion by 2023, an increase of around €20 billion from 2020. Cryptocurrency is a means of payment that is completely digital and decentralised. There is no tangible currency linked to it, it is not tied to a specific country or region, and there is no bank or institution that can influence it.

Best Crypto Online Casinos

Best Crypto Online Casino Sites

10

How Do Crypto Casinos Work?

How Do Crypto Casinos Work?

Crypto casinos are an exciting online gambling trend with huge future potential. They present promising solutions to a multitude of difficulties that casino players in many countries face when attempting to play safely online.

Cryptocurrencies provide an independent payment solution for casino players on a global scale. With no institutions watching over our transactions, we can transact without intermediaries which reduces fees to a minimum. Our transactions are almost completely anonymous.

Crypto Casinos are casinos that support cryptocurrency (crypto) as a method of payment. There are two types of crypto casinos:

  1. Pure Crypto Casinos: these crypto-only online casinos only accept cryptocurrency as a method of payment.
  2. Hybrid Crypto Casinos: casinos that accept cryptocurrency as well as other payment methods such as debit cards, credit cards, wire transfers, e-wallets, and prepaid payments.

Before you can deposit at a crypto casino, you need to have cryptocurrency in your digital wallet. If you don’t have a wallet yet, you can shop around for a wallet that best suits your needs. Popular crypto wallets are Blockchain, Coinjar, and SpareCoins – but there are many others.

Once you have a wallet, you need to purchase some cryptocurrency to keep in it and spend online. The most well-known cryptocurrencies in online gambling circles are Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Tether (USDT), and Dogecoin (DOG). So you’ll want to get a wallet that supports these cryptos. Signing up for most wallets is free and only takes a few seconds.

When you’re ready to deposit at the casino, you can select the cryptocurrency that you want to deposit with. You’ll be given a depositing address, or public key, that you’ll use to complete your crypto deposit at the online casino.

You should keep a copy of the depositing address in a safe place so you can easily refer back to it whenever you need to. However, the casino will supply you with it each time you want to complete a deposit in any case.

To complete your deposit, enter the depositing address and the amount you want to deposit into your crypto wallet account and click the ‘Enter’ or ‘Send’ button. It may take a few minutes for the transaction to be processed and for your casino balance to be topped up.

So you see, the whole process is very similar to using a regular e-wallet to top up your casino account with fiat currency:

  • You need an online wallet where you can keep your cryptocurrency
  • You must have a positive cryptocurrency balance in your wallet before you can deposit at the casino
  • Go to the deposit area of the casino and follow the prompts
  • You complete your deposit by confirming the transaction in your crypto wallet

No deposit bonuses are a rare find at crypto-only casinos. If you do find a no deposit offer at a pure crypto casino, it will usually be in the form of free spins, not cryptocurrency credits.

However, many hybrid crypto casinos support cryptocurrency as a payment method and give away no deposit welcome bonuses to new players. These casinos will add the no deposit bonus to your casino balance as regular currency, not crypto.

There’s a benefit to accepting no deposit free spins at crypto casinos. When you play with free spins before depositing, only the winnings on the free spins are subject to wagering requirements.

If you win €50 while playing with no deposit free spins and the casino has a 35x wagering requirement, you have to play the €50 through the casino 35 times before you can withdraw any winnings.

If you don’t win anything while playing with no deposit free spins, the wagering requirement falls away, which means you can deposit without any wagering requirements attached. No deposit free spins are a great way to test drive different crypto casinos before you deposit.

The benefits we summarised above might be enough to prompt you to jump on the crypto bandwagon right now. Before you do, consider the following limitations: There are obvious upsides and downsides when using cryptocurrency as a payment method at online casinos. Since the prospect of winning money is central to gambling, many players may be put off by the exchange fees that come into play when managing cryptocurrency. It’s worth mentioning that you can reduce exchange fees quite drastically by comparing wallets before you start trading. Some of the more prevalent crypto wallets are free to sign up for and they offer lower fees. Crypto Casinos Bonus

Is it Safe to Play at Crypto Casinos?

The fact that cryptocurrencies are decentralised scares some people away from the get-go. There’s no central point that checks or approves your payments. However, it’s exactly this feature that makes crypto casinos so appealing to other players. It also makes crypto casinos very accessible to online gamblers on a global scale.

Here’s some information that will put your mind at ease: all crypto transactions are protected by your own, private key. Playing with crypto is actually more secure than any other payment method. Additionally, licensed crypto casinos encrypt all their payment transactions as well as all your personal data.

Licensed casinos are under the watch of the gambling authorities that issue their licences, regardless of the payment methods they support. Whether you play at a regular online casino, crypto casino, or hybrid casino, as long as it is licensed by a reputable authority, your transactions are safe.

Licensing also ensures the fairness of the games. All the games at licensed casinos are frequently tested by independent third parties, or testing agencies, to confirm that the games are random, fair, and that they payout according to their advertised payout rates.

As we mentioned, the casinos recommended on this site are fully licensed online gambling platforms. If you’re going on your own search for a gambling platform, be sure to play at sites with VALID licences issued by trustworthy authorities such as:

  • The Malta Gaming Authority (MGA)
  • The United Kingdom Gambling Commission (UKGC)
  • The Kahnawake Gaming Commission (KGC)
  • The Alderney Gambling Control Commission (AGCC)
  • The Directorate of Offshore Gaming in Antigua and Barbuda
  • The Gibraltar Regulatory Authority (GRA)

Crypto Casinos Live Games

Pros & Cons of Crypto Casinos

Other Similar Services

Crypto casinos occupy a class of their own while, at the same time, not being all that different from regular online casinos.

You can see the similarities by looking at the process involved when playing with cryptocurrency:

  1. Find a crypto casino and sign up for an account
  2. Go to the deposit page
  3. Select the cryptocurrency of your choice
  4. Open your online wallet
  5. Enter the amount you want to deposit and the casino’s wallet address
  6. Click the Send button to complete your transaction
  7. Use your casino balance to play the games

Whether you choose cryptocurrency, e-wallets, or direct transfers as your payment method at online casinos, the process is essentially the same.

Some crypto-only casinos may let you deposit and begin playing immediately without signing up. This service is not exclusive to crypto casinos. There are plenty of instant-play online casinos that support other payment methods, such as Trustly Pay N Play and Zimpler.

At instant-play casinos, you can withdraw your winnings without verifying your account because your account is verified when you deposit. The same is true at crypto casinos. You don’t have to send in your verification documents before you can cash out your winnings because your account is automatically verified when you deposit.

Subscribe for Extra Bonus

Stay In The Loop With New Casino Sites & Offers!

Free Spins. Exclusive Bonuses. Sent Weekly.

After registering, you will receive 330 free spins without a deposit straight to your inbox.